1615, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in June 2022, and rented once, from October 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1615, Elite Downtown Residence
What is 1615 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 25 October 2025.
Key facts
- Type
- Studio apartment
- Size
- 431 sqft
- Floor
- 16th of 23
- Parking
- P3-20
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 7,500 /yr
- Last sold
- AED 955K · June 2022
- Building
- Elite Downtown Residence
About 1615, Elite Downtown Residence
1615 is a studio of 431 sqft on the 16th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 28 June 2022 for AED 954,750, or AED 2,213 per sqft, 20% above the AED 1,849 studios in the building were fetching at the time.
One Ejari contract is registered, from 25 October 2025. The current contract, signed on 25 October 2025, is AED 100,000 a year: a gross yield of 10.5% on the 2022 price, before the service charge of about AED 7,500 a year.
Sales and rents for 1615 over time
1615 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Elite Downtown Residence, and where 1615 sits
All 213 studios →1615 last sold in June 2022 at AED 2,213 per sqft, 20% above what studios in Elite Downtown Residence were fetching at the time (AED 1,849). Over the last 12 months studios sold for AED 1,000,000 to 1,250,000, around AED 2,133 per sqft, and rent for AED 72,000 to 110,000 a year. 1615's AED 100,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 27 Jan 202627 January 2026 | 514 sqft | 1,200,000 | 2,333 | ||
| 21 Jan 202621 January 2026 | 522 sqft | 1,000,000 | 1,914 | ||
| 16 Jan 202616 January 2026 | 514 sqft | 1,188,000 | 2,309 | ||
| 17 Dec 202517 December 2025 | 522 sqft | 1,000,000 | 1,914 |
Elite Downtown Residence
Building454 apartments, studios to 3-bed over 23 floors in Downtown Dubai, completed in 2022 by Triplanet Elite Developements. 9 sold in the last 12 months.
- Typical price per sqft
- AED 2,309
- Typical sale
- AED 1.2M
- Typical rent
- AED 105K /yr
- Typical yield
- 6.3%
Other units on the 16th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 824 sqft | AED 1.34MAED 1,339,500 · Dec 2021December 2021 | 105,000 /yr | |
| 1602 | 1-bed | 809 sqft | AED 1.51MAED 1,511,750 · Apr 2022April 2022 | ||
| 1603 | Studio | 497 sqft | AED 945KAED 945,250 · Sep 2021September 2021 | ||
| 1604 | 3-bed | 1,616 sqft | AED 2.98MAED 2,981,000 · Mar 2022March 2022 | 220,000 /yr | |
| 1605 | 2-bed | 1,366 sqft | AED 2.84MAED 2,840,000 · Apr 2022April 2022 | ||
| 1606 | Studio | 536 sqft | AED 950KAED 950,000 · Jul 2022July 2022 | 65,000 /yr | |
| 1607 | Studio | 533 sqft | AED 950KAED 950,000 · Jul 2022July 2022 | 70,000 /yr | |
| 1608 | Studio | 514 sqft | AED 875KAED 875,000 · Mar 2022March 2022 | ||
| 1609 | 1-bed | 1,006 sqft | AED 1.7MAED 1,700,000 · Sep 2022September 2022 | ||
| 1610 | 1-bed | 1,007 sqft | AED 1.7MAED 1,700,000 · Sep 2022September 2022 | ||
| 1611 | Studio | 521 sqft | AED 1.24MAED 1,240,000 · Jun 2022June 2022 | 75,000 /yr | |
| 1612 | Studio | 534 sqft | AED 1.04MAED 1,036,800 · May 2022May 2022 | 80,000 /yr | |
| 1613 | Studio | 542 sqft | AED 1.39MAED 1,387,000 · Nov 2022November 2022 | ||
| 1614 | 2-bed | 1,760 sqft | AED 3.09MAED 3,088,000 · Jun 2023June 2023 | ||
| 1616 | 2-bed | 1,630 sqft | AED 2.34MAED 2,341,750 · Dec 2021December 2021 | ||
| 1617 | Studio | 522 sqft | AED 925KAED 925,000 · Jan 2022January 2022 | 83,000 /yr | |
| 1618 | 1-bed | 810 sqft | AED 1.2MAED 1,200,000 · Nov 2021November 2021 | 110,000 /yr | |
| 1619 | 1-bed | 810 sqft | AED 1.35MAED 1,350,000 · Mar 2022March 2022 | 115,000 /yr | |
| 1620 | Studio | 526 sqft | AED 850KAED 850,000 · Dec 2021December 2021 | 75,000 /yr |
1615, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 28 June 2022 for AED 954,750, or AED 2,213 per sqft.
- Rented since October 2025 on one Ejari contract, at AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2022 price is 10.5%, before a service charge of about AED 7,500 a year (AED 17.47 per sqft).
- Studios in Elite Downtown Residence sold for AED 1,000,000–1,250,000 in the 12 months to November 2026; the building's median across all types is AED 2,309 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 25 October 2025.
Questions about 1615, Elite Downtown Residence
What did unit 1615 last sell for?
AED 954,750 on 28 June 2022, sold by the developer: AED 2,213 per sqft for 431 sqft. It is the only registered sale of the unit.
What is the rent for unit 1615?
AED 100,000 a year on the contract signed on 25 October 2025.
How big is unit 1615?
431 sqft (40.0 sqm): a studio on the 16th floor of a 23-storey tower completed in 2022.
What is unit 1615 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Elite Downtown Residence sold for AED 1,000,000 to 1,250,000 in the last 12 months, around AED 2,133 per sqft.
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Mortgage on 1615, Elite Downtown Residence
Starts from the last sale price (AED 955K, 28 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 954,750
- Deposit, UAE resident (20%)
- AED 190,950
- Deposit, non-resident (40%)
- AED 381,900
- Monthly over 25 years at 3.7%
- AED 3,906
Plus AED 45,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →